The Parties' Flip-Flops on Deficit Spending: Economics or Politics?
AbstractNot long ago, Republicans were trying to pass a balanced budget amendment to the constitution. Democrats were skeptical, overwhelmingly Keynesian, and believed that deficit spending had ended the Great Depression. Under Rubinomics the positions began to switch: Democrats became the defenders of fiscal orthodoxy. Now Bush has cut taxes for the rich and caused huge deficits. Is the flip-flop just politics?
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Bibliographic InfoArticle provided by De Gruyter in its journal The Economists' Voice.
Volume (Year): 1 (2004)
Issue (Month): 1 (September)
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- Javier Andrés & Rafael Doménech, 2006.
"Fiscal Rules and Macroeconomic Stability,"
Hacienda Pública Española,
IEF, vol. 176(1), pages 9-41, April.
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